3500-3550 Main StBuffalo, NY 14226

Property Details for 3500-3550 Main St

Year built

1980

Lot size

14.41 AC

Property size (Sq ft)

157,790 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

University Plaza, a Class A, 157,790 square foot shopping center in Buffalo, NY, presents a compelling investment opportunity. This multi-tenant property, built in 1980 and renovated in 1999, boasts four buildings situated on 14.41 acres of land. The center enjoys a 90% occupancy rate with 25 tenants, including prominent national brands like Dollar Tree, Tops Markets, M&T Bank, UPS, H&R Block, and GameStop. Anchored by Tops Markets since 1984, the center benefits from its strategic location at the intersection of Main Street (Route 5) and Bailey Avenue (Route 62), a major thoroughfare with an average daily traffic count of 27,306 vehicles. This high-traffic location is further enhanced by its proximity to the University at Buffalo's South Campus, Canisius College, and Daemen College. The property offers 626 parking spaces and is zoned C-Commercial. The average tenant tenure is 26.8 years, demonstrating the stability and desirability of this location. The densely populated trade area features a median household income exceeding $79,000 within a 5-mile radius. Financial details, including rent roll and lease options, are available upon request. This stabilized investment property offers a strong return with a long history of success.

Location Insight

City

Buffalo

County

Erie

State

New York

Latitude

42.9597

Longitude

-78.8172

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